Evergrande Is Officially In Default – The First Bubble Has Burst

Evergrande’s default is now finally confirmed by paying agent Citibank! Here is the proof!

We did it, guys! Evergrande is now finally in default according to the paying agent Citibank! pic.twitter.com/3C7jF67hGh

— Dr. Marco Metzler (@metzler_dr) June 4, 2022

#Evergrande has also been confirmed as IN DEFAULT by Prime Broker @Citibank for failure to pay their bonds about 💯 times or so‼️🙊#CHINA JUNK SECURITIES CAN'T BE USED #ISDA OR MARGIN COLLATERAL ANYMORE AS THEYRE PROHIBITED BY EXECUTIVE ORDER OF THE PRESIDENT or IN DEFAULT‼️(2) pic.twitter.com/sKcOO6YcxA

— The Butcher of Wall Street | Marcel Kalinovic (@BossBlunts1) June 4, 2022

Evergrande bondholder: “I will never see my money again”

Color your money gone, offshore “investors” in China’s fraud-riddled property bubble. Should’ve stacked the shiny instead.

www.asiamarkets.com/evergrande-bondholder-i-will-never-see-my-money-again/

As China Evergrande reportedly begins negotiating creative ways to repay billions owed to offshore bondholders, a paying agent of one of the embattled property giant’s USD-denominated bonds has sent a letter to investors officially confirming default.

Dr Marco Meltzer, a respected German financial analysts and outspoken critic of the handling of Evergrande’s debt crisis, says he received a letter from Citi earlier this week all but confirming the company is broke.

AC